A small amount of polymer additives can cause substantial reduction in the energy dissipation and friction loss of turbulent flow. The problem of polymer-induced drag reduction has attracted continuous attention over the seven decades since its discovery. However, changes in research paradigm and perspectives have triggered a wave of new advancements in the past decade. This review attempts to bring researchers of all levels, from beginners to experts, to the forefront of this area. It starts

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... th a comprehensive coverage of fundamental knowledge and classical findings and theories. It then highlights several recent developments that bring fresh insights into long-standing problems. Open questions and ongoing debates are also discussed.